The LOOP to Suspend Tanker Offloading Ahead of Isaac

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August 26, 2012

(Bloomberg) — The Louisiana Offshore Oil Port, the single largest entry point for crude coming into the U.S., plans to suspend offloading oil tankers tomorrow afternoon as Tropical Storm Isaac moves through the Gulf of Mexico.

“Tomorrow afternoon, we think that conditions will deteriorate enough that we will have to shut down marine operations,” Barb Hestermann, a spokeswoman for the port, said by phone yesterday. “Our oil is stored in caverns and tanks onshore, so we’ll be continuing to make deliveries to customers, but we’ll stop offloading tankers.”

Between 900,000 and 1 million barrels of oil a day is offloaded at the LOOP, she said.

 -By Asjylyn Loder. Copyright 2012 Bloomberg

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